India Fund Inc. (IFN) Rights Offer

Shares from the India Fund Inc. (IFN) rights offer deposited in my Scottrade account today, one day before the close of the offer. Oversubscribed shares have not yet been deposited, so I don’t know if I will get any. I hope I do. As of last Friday, the premium on the fund was 15%. Stay tuned to this space and I will post the premium at tomorrow’s close by Monday. I believe it will be less than 15% because IFN has been dropping inspite of a rising Indian market. But you never know.

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